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SalubrisBio Raises $32 Million from China Parent for Novel Biologics

publication date: Mar 7, 2022

SalubrisBio of Maryland received $32 million from its parent, Shenzhen Salubris Pharma, to develop its portfolio of complex novel biologic products. SalubrisBio’s lead asset is an antibody-based NRG-1 fusion protein, the first bi-specific antibody to start trials for a cardiovascular indication. JK07 is currently in a Phase I test among heart failure patients with reduced ejection fraction. The investment will support the ongoing Phase Ib trial plus two additional Phase Ib trials in 2022, while the company expands its R&D pipeline. SalubrisBio develops products for unmet needs in cardiovascular diseases, cancer and neurodegenerative diseases. More details....

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